Board Chairman of Accra Hearts of Oak, Togbe Afede XIV says that there are plans to make the Ghana Premier League champions financial viable and debt free by the end of the year.
He says in the midst of the coronavirus pandemic that has thrown a lot of industries out of business and hardship, football has not been spared but in all that the club is embarking on a rigorous infrastructure drive.
The business mogul further adds that there will be floating of shares by the club in future to raise more funds and adds that share holders who are funding the spending of the club are happy to convert its debts into shares.
“Our promise is, notwithstanding all of these developments by way of infrastructure to make Accra Hearts of Oak debt-free by the end of the year," he said at the unveiling of Hearts of Oak’s new jerseys for the 2021/2022 season on Thursday.
“Because the major shareholders of the club who have invested so much money in all these facilities will be happy, to convert all that is owed to them, into shares.
“Hearts of Oak will be a very unique club in this context. Almost every club in the world is in difficulty,” he added
The double champions will play against Guinean side CI Kamsar in a one off game in the preliminary stage of the CAF Champions League on Sunday.
The game will kick off at 15:00GMT at the Accra Sports Stadium.